Investment Report by Microequities

Mar 4, 2010

ASX RELEASE - Wednesday, 17 March 2010

Leading Micro Cap independent research firm Microequities, has produced a post 31 December 2009 half-year results review report on Manaccom. This report by Microequities can be obtained through their website as well as

  About Manaccom Manaccom began selling lotteries online in 2000 with state based charity lotteries in Queensland. In 2005 the Company acquired TMS Global Services Pty Ltd which gave the company access to the national lotteries via agreements with NSW Lotteries and Tattersals. 2009 was a breakthrough year following the signing of a 5 year exclusive agreement with NSW Lotteries in December 2008. The Company has developed the popular website from which is sells games such as OzLotto and Powerball. This website has been developed in a way that can akso be used by major lottery operators, such as NSW Lotteries, as their internet channel. In 2007, the company acquired a software distribution and publishing business that markets popular software titles such as McAfee through large retailers and independents resellers in Australia and New Zealand.     Manaccom reported a string of record results in the 2009 financial year, including the following:
  • Net Profit After Tax grew 78% to $3.0 million.
  • Revenue grew 57% to $59 million
  • Dividends grew 50% to 1.5c per share
  • EBITDA grew 77% to $5.1 million
  For further information: Mike Veverka CEO and Executive Director Ph: 07 3831 3705

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